India-China tensions delay sale of General Motors’ plant in India

Great Wall Motor

Delays to American automaker General Motors’ sale of its Indian plant to Chinese automaker Great Wall Motor because of the tensions between India and China are likely to result in hefty unplanned costs for GM, people familiar with the matter said. The sale of the plant located in Talegaon in Maharashtra state was announced in January […]

General Motors explores the market for electric ‘flying cars’

General Motors

General Motors is discovering options in the aerial taxi market, including whether to construct the vehicles known colloquially as “flying cars,” as part of a push by the automaker to look for a boost in related transportation markets, two people knowledgeable with the matter said. CEO Mary Barra on Monday briefly made her first reference ever […]

General Motors not interested in ‘short-term pop’, says CEO

General Motors

General Motors CEO Mary Barra said on Monday that worldwide vehicle demand was recovering from declines caused by the coronavirus crisis, but added she would not take any short-term actions to increase GM’s stock at the expense of its long-term strategy. “We are encouraged about the recovery we are seeing in most of our markets,” […]

Tesla reportedly in talks to buy low carbon nickel from Giga Metals

Giga Metals

Tesla is in talks with Canadian miner Giga Metals about helping to develop a large mine that would provide the electric automaker access to low carbon nickel for its batteries, three sources knowledgeable with the matter said. Alongside its goal to decrease pollution from driving, Tesla is also striving to decrease its own carbon footprint. […]

Tesla launches fast electric car charging in Berlin

Tesla Inc logo

Managers at electric automaker Tesla Inc on Thursday demonstrated new supercharger equipment on a Berlin research campus, saying they were looking at more target cities to attract possible buyers worried about access to charging. “Now, as part of our commitment to make Tesla ownership easy and convenient for everyone including those without immediate access to home […]

GM venture’s car becomes most sold EV in China, surpassing Tesla’s Model 3

Hongguang MINI EV

A micro electric vehicle (EV) by General Motors’ local Chinese joint venture has become the most sold EV model in China, with 15,000 cars sold in China in August, followed by Tesla Inc’s 11,800 sales of Model 3 sedans, industry data showed. The model, the Hongguang MINI EV, is a two-door micro electric vehicle released […]

Volkswagen not seeking a deal with Tesla, says CEO Herbert Diess

herbert diess images

Volkswagen’s CEO Herbert Diess on Monday sought to quell speculation that the world’s largest automaker, which is on its way to push for mass production of electric cars, has plans to develop deeper ties with start-up rival Tesla Inc. Diess met with Tesla’s CEO Elon Musk in Braunschweig, Germany, last week, and during his visit […]

General Motors and Honda to jointly develop vehicles in North America

General Motors

General Motors and Honda Motor on Thursday revealed plans to team up in North America to make a series of vehicles, deepening their ties as the auto industry comes under more pressure to share technology and costs to meet demands for cleaner automobiles. Under the alliance, both automakers said, they intend to share common vehicle […]